---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-026538"
form_type: "8-K"
ticker: "LMFA"
cik: "0001640384"
company_name: "LM FUNDING AMERICA, INC."
filed_at: "2023-06-06T23:59:59+00:00"
generated_at: "2026-06-14T06:39:55.448005+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# LM Funding acquires Symbiont assets via $2.6M credit bid; plans to commercialize blockchain platform

## Summary
- Acquired substantially all assets of bankrupt Symbiont.io (financial blockchain) for $2,589,416 via credit bid; no cash outlay.
- Assets include Assembly platform for issuing/tracking financial instruments; LMFA plans to pursue strategic partnerships.
- Symbiont had contracts with Vanguard, State Street, SWIFT; LMFA hopes to continue customer relationships.
- LMFA was Symbiont's sole secured creditor from a $2M loan in Dec 2021; credit bid extinguished the note.
- No liabilities assumed; acquisition less than 10% of LMFA's total assets.

## SEC filing metadata
- accession: 0000950170-23-026538
- form_type: 8-K
- ticker: LMFA
- cik: 0001640384
- company_name: LM FUNDING AMERICA, INC.
- filed_at: 2023-06-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1640384/000095017023026538/0000950170-23-026538-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1640384/000095017023026538/lmfa-20230602.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-026538
- JSON: https://secwatch.observer/filing/0000950170-23-026538.json
- Plain text: https://secwatch.observer/filing/0000950170-23-026538.txt

## Key facts
- M&A Transactions
  LM FUNDING AMERICA, INC. completed an acquisition involving Symbiont.io, LLC for purchase price of $2,589,416 (closed 2023-06-05).
  - Action: acquisition
  - Counterparty: Symbiont.io, LLC
  - Consideration: purchase price of $2,589,416
  - Closing: 2023-06-05
  source text: on June 5, 2023. Pursuant to the Asset Purchase Agreement, the Company purchased substantially all of the assets of Symbiont (the “Purchased Assets”) for a purchase price of $2,589,416, which was paid by means of a credit bid of the full amount of the note payable owed by Symbiont to the Company. The Purchased Assets are comprised principally of intellectual
  evidence_url: https://www.sec.gov/Archives/edgar/data/1640384/000095017023026538/0000950170-23-026538-index.htm
- Material Agreements
  LM FUNDING AMERICA, INC. entered into Asset Purchase Agreement with Symbiont.io, LLC valued at $2,589,416 (effective 2023-06-05).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Symbiont.io, LLC
  - Value: $2,589,416
  - Effective: 2023-06-05
  source text: On June 2, 2023, the United States Bankruptcy Court for the Southern District of New York entered an order (the “Symbiont Bankruptcy Order”) approving the sale of substantially all of the assets of Symbiont.io, LLC, as debtor in possession (“Symbiont”), to LM Funding America, Inc. (the “Company”) pursuant to a form of Asset Purchase Agreement attached to the Symbiont Bankruptcy Sale Order (the “Asset Purchase Agreement”) free and clear of all liens, claims and encumbrances. The Company and Symbiont signed the Asset Purchase Agreement on June 5, 2023, and the purchase and sale of the Symbiont assets pursuant to the Asset Purchase Agreement closed on June 5, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1640384/000095017023026538/0000950170-23-026538-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.